Posted On: 01/01/2013 3:14:25 PM
Post# of 8059
If reserves prove up, and the fert biz is kind, we can be a multibillion dollar entity no problem. Doing a million tons a year is 140mil just on ore, and a PE of 20-30 and youve got your buck a share already. And weve proven 13 million ton years AT LEAST, more like a lifetime and then some....and why wouldnt they go for three mil a year if fortescue can go for 150million. Itll just take one solid year of shipping profits to get the equipmentto do it. Then it also comes down to mexican govt, if they realize how much money they can make in a short period of time. having the stuff in such a concentrated area, paired with distance to port as well as being closer to china, and the recipe is there for a POWERHOUSE in a decades time. We just need some shit to start going our way.
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